Does it sound like a plan?
Real estate seems a more reliable investment in a long term as it is not affected by economic turmoil as much as stock markets. So you find somewhere in Barcelona apartments for sale since this city is crazily popular with tourists, buy it and rent it out on short term lease. Short term rentals promise decent returns - about 5-7% yields. Hiring a management company helps to avoid problems with finding new tenants. Its service costs 20−25% of the total rental revenue but the expenses will be rewarded with higher occupancy rates. Voila! You are rich (but maybe just after 15 years) [Reply]
Originally Posted by Buehler445:
PMI is a federal thing IIRC. Your house probably appreciated since you bought it and got you over the threshold. Credit score might have something to do with it but I'd bet the appraisal was what triggered it.
We discussed it before the house was appraised. It was one of the primary reasons we went forward with our refinancing. [Reply]
Originally Posted by hometeam:
Im in the same industry. I took a management position as the head of the internet department (to put it loosely, but I wear many hats) for a 4 store dealership complex here in town. Officially I am the 'Internet Sales Director'.
I just took massive action and signed up for reddit personal finance. It's that kind of massive action and desire and reading think and grow rich is why I am rich and wealthy. [Reply]
Originally Posted by RubberSponge:
I am after nothing. It was .07. Throwing $70 bucks on 10 contracts was just for giggles.
Have some calls at 22.5 on BAC expiring next week. Do you think the rate hike could work in my favor?
I don't honestly have any idea. I've never traded an option on stocks. I've only traded them in commodity futures, and you damn sure want to be out of them come first notice day. In the futures, they can run guys that have positions that don't want to deliver the product. [Reply]
Originally Posted by Buehler445:
I don't honestly have any idea. I've never traded an option on stocks. I've only traded them in commodity futures, and you damn sure want to be out of them come first notice day. In the futures, they can run guys that have positions that don't want to deliver the product.
I've made money on USO in the past. It is so cheap, even if I lose $70. So what.
Best recently was buying 10.5 calls at .09 and selling at .84. [Reply]
Originally Posted by Buehler445:
Nice. I should read up on stock option strategies. I'm sure they are far different than commodity markets.
There are plenty of free video resources out there that will help you learn all about options. So many ways to make money. So many ways to lose money too.
BAC closed at 22.55 today. I bought late last night, out of the money at .26 per contract for 22.5 calls. 20 contracts. The options are at .44 now. If I sold out, that would have been a nice day's work in the money. But I'm waiting and still have 8 days. [Reply]
